NMDC Steel share price
NSE: NSLNISPBSE: 543768Ferrous MetalsSmall Cap
NMDC Steel Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Feb 2023
Last close ₹37.66down ₹1.26 (3.24%)BSE ₹37.68
Share price at the NSE close on 30 Oct 2026. Previous close ₹38.92.
30 Oct: open ₹39.00, high ₹39.01, low ₹37.51
52-week range of traded prices to 30 Oct 2026
₹33.01Low, 30 Mar 2026₹53.75High, 2 Jun 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹11,037 Cr497th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 131.91
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 0.84
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 0.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 2.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.35
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 31,57,68654.6% delivered
About NMDC Steel
NMDC Steel Limited makes hot rolled steel coils, sheets and plates, which other industries process further, at an integrated steel plant (one that turns iron ore into finished steel on a single site) at Nagarnar in Bastar, Chhattisgarh.12 Its steel is used in infrastructure and construction, transport, energy including oil and gas, and engineering.3
It was incorporated on 2 January 2015 as a wholly owned subsidiary of NMDC Ltd, to build the steel plant at Nagarnar.4 NMDC Ltd's steel plant was then demerged (separated and transferred) into the company; the Ministry of Corporate Affairs approved the demerger on 6 October 2022 and it took effect on 13 October 2022.4 Commercial production of hot rolled coils began on 31 August 2023.5
The plant sits close to NMDC's Bailadila iron ore mines and is linked to the Visakhapatnam seaport by rail and road.5 The registered office is at the Nagarnar plant and the corporate office in Hyderabad; the company has no subsidiary, joint venture or associate company.67
NMDC Steel is a Government Company under the Ministry of Steel, with its shares listed on BSE, NSE and the Calcutta Stock Exchange; the President of India held 60.79% of its shares at the end of March 2026.58 By order of the Ministry of Steel, the chairman, functional directors and government nominee directors of NMDC Ltd also hold those posts on the company's board.9
NMDC Steel key points
Results
- Revenue from operations was ₹13,641.81 crore in the year to Mar 2026, against ₹8,503.05 crore a year earlier.10
- EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹1,604.44 crore in the year to Mar 2026, against a negative ₹1,716.89 crore a year earlier.11
- Profit after tax was ₹58.72 crore in the year to Mar 2026, against a net loss of ₹2,373.78 crore. The company had made a net loss every year from its inception to the year to Mar 2025.1213
Revenue mix
Plants and capacity
- The Nagarnar plant has a capacity of 3 million tonnes of steel a year; its caster and hot strip mill are designed for 2.9 MT of hot rolled coils a year.1617
- The Nagarnar plant's blast furnace of 4,506 cubic metres can make 9,500 tonnes of hot metal (molten iron) a day, and its 2 coke oven batteries of 67 ovens each are built for about 17,62,800 tonnes of coke a year.1819
- In the year to Mar 2026 the Nagarnar plant produced 30.71 lakh tonnes of hot metal and 5.12 lakh tonnes of pig iron (iron cast into blocks and sold).2021
- The Nagarnar plant's specific energy consumption (energy per tonne of crude steel) fell from 6.99 to 6.21 gigacalories a tonne, an improvement of around 11% within 2 years of stable operation, the company says.22
Products and grades
- The Nagarnar plant's mill rolls steel from 1 mm to 16 mm thick and up to 1,650 mm wide, which the company says makes it the widest mill of its kind in the public sector.23
- The Nagarnar plant's grades include low-carbon steel, high-strength low-alloy (HSLA) steel, alloyed to carry more load for its weight, dual-phase steel, and API grades for oil and gas line pipes up to X-80.2324
- The company says it was the first integrated steel plant in India to hold ISO 9001, 14001, 45001 and 50001 management certifications at once.25
- NMDC Steel holds ISO 29001:2020 certification to supply the petroleum, petrochemical and natural gas sectors, and CE certification, which its products need to be sold in the European Economic Area.26
Customers and partners
- NMDC Ltd supplies the plant's iron ore fines and lumps; for the year to Mar 2026 the board approved supplies of up to ₹4,074.86 crore, on deferred payment.27
- NMDC Ltd is also a customer: the board approved sales of hot rolled coils, sheets and plates to it of up to ₹8,000 crore for the year to Mar 2026.28
- The company stated in its annual report for the year to Mar 2026 that it targets automobile, rail wagon, container, LPG cylinder, pipe and pressure vessel makers, shipbuilders and construction companies.29
- The company stated in its annual report for the year to Mar 2026 that it plans to expand its hot rolled coil range, with more focus on high-strength low-alloy and automotive grades.30
Borrowings
- Total borrowings were ₹4,601.94 crore at the end of March 2026, against ₹5,897.64 crore a year earlier.31
- The rupee term loan stood at ₹3,289.20 crore at the end of March 2026, repayable in 30 quarterly instalments by June 2031, at 8.40% a year from January 2026, linked to the 3-month MCLR (the bank's benchmark lending rate).32
Recent events
- On 20 August 2026, Crisil Ratings upgraded its long-term credit rating (an opinion on ability to repay debt) on the company's ₹4,500 crore of bank loans to Crisil A/Stable, from Crisil BBB+/Stable.33
- On 28 August 2025, the company repaid its ₹523.80 crore of non-convertible debentures (bonds) with ₹42.98 crore of accrued interest, leaving no debentures due.34
- On 20 August 2025, CECB renewed the Nagarnar plant's consent to operate (the permission needed to run the plant), valid until August 2028.35
Litigation and regulatory matters
- As of its annual report of 6 September 2026, ₹56.40 crore of GST orders on input tax credit (tax paid on purchases, set against tax due) was pending before the Bilaspur High Court; NMDC Ltd is filing the appeals.36
- As of the same report, CSIDC was demanding ₹9.60 crore to move leasehold land into the company's name; the company said the amount is not payable, sought a waiver and made no provision, which an audit comment said overstated profit.3738
- In the year to Mar 2026, the Chhattisgarh Environment Department imposed a penalty of ₹1,01,00,000 over non-compliance relating to a sewage treatment plant.39
- As of the same report, the Ministry of Steel had appointed no independent directors, so the company could not form an audit committee.4041
Last updated
All 41 sources, each with its page
- 1. Annual report, 6 Sep 2026, page 93
- 2. Annual report, 6 Sep 2026, page 44
- 3. Annual report, 6 Sep 2026, page 9
- 4. Annual report, 6 Sep 2026, page 7
- 5. Annual report, 6 Sep 2026, page 6
- 6. Annual report, 6 Sep 2026, page 77
- 7. Annual report, 6 Sep 2026, page 25
- 8. Annual report, 6 Sep 2026, page 67
- 9. Annual report, 6 Sep 2026, page 57
- 10. Annual report, 6 Sep 2026, page 23
- 11. Annual report, 6 Sep 2026, page 8
- 12. Annual report, 6 Sep 2026, page 8
- 13. Annual report, 6 Sep 2026, page 37
- 14. Annual report, 6 Sep 2026, page 23
- 15. Annual report, 6 Sep 2026, page 77
- 16. Annual report, 6 Sep 2026, page 44
- 17. Annual report, 6 Sep 2026, page 55
- 18. Annual report, 6 Sep 2026, page 7
- 19. Annual report, 6 Sep 2026, page 53
- 20. Annual report, 6 Sep 2026, page 8
- 21. Annual report, 6 Sep 2026, page 6
- 22. Annual report, 6 Sep 2026, page 8
- 23. Annual report, 6 Sep 2026, page 10
- 24. Annual report, 6 Sep 2026, page 11
- 25. Annual report, 6 Sep 2026, page 8
- 26. Annual report, 6 Sep 2026, page 123
- 27. Annual report, 6 Sep 2026, page 135
- 28. Annual report, 6 Sep 2026, page 135
- 29. Annual report, 6 Sep 2026, page 13
- 30. Annual report, 6 Sep 2026, page 8
- 31. Annual report, 6 Sep 2026, page 23
- 32. Annual report, 6 Sep 2026, page 199
- 33. Exchange filing, 21 Aug 2026, page 1
- 34. Annual report, 6 Sep 2026, page 199
- 35. Annual report, 6 Sep 2026, page 25
- 36. Annual report, 6 Sep 2026, page 199
- 37. Annual report, 6 Sep 2026, page 39
- 38. Annual report, 6 Sep 2026, page 41
- 39. Annual report, 6 Sep 2026, page 87
- 40. Annual report, 6 Sep 2026, page 69
- 41. Annual report, 6 Sep 2026, page 57
Results
Standalone; ₹ crore.NMDC Steel quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +41.6%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- –
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,662 Crdown 5.60%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹51 Crdown 87.11%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 1.4%
Revenue by quarter
Peak revenue ₹3,879 Cr, quarter to Mar 2026; lowest ₹1,522 Cr, quarter to Sep 2024
Net profit by quarter, a loss in red
- Net profit
- Loss
A loss in 5 of the 8 quarters shown
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,522 | 2,120 | 2,838 | 3,365 | 3,390 | 3,008 | 3,879 | 3,662 |
| Net profit | −595 | −758 | −473 | 26 | −115 | −244 | 392 | 51 |
| Net margin | −39.1% | −35.8% | −16.7% | 0.8% | −3.4% | −8.1% | 10.1% | 1.4% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹13,642 Crup 60.43%
- Net profitNet profit. Under it, net profit in the year before. A change in per cent is not worked out where either period is a loss or nothing.
- ₹59 CrYear to Mar 2025: −₹2,374 Cr
- Net margin
- 0.4%
Revenue by year
Peak revenue ₹13,642 Cr, year to Mar 2026; lowest ₹3,049 Cr, year to Mar 2024
Net profit by year, a loss in red
- Net profit
- Loss
Back to profit in the year to Mar 2026, ₹59 CrA loss in 2 of the 3 years shown
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue | 3,049 | 8,503 | 13,642 |
| Net profit | −1,560 | −2,374 | 59 |
| Net margin | −51.2% | −27.9% | 0.4% |
Standalone. Years to March. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, STEEL PRODUCTS, which carries all its revenue.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.NMDC Steel PE ratio and valuation
Price to book
At or below today's level on 18% of 727 trading days since Nov 2023.
LowestHighest
Its median0.94Industry median2.07
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −0.5% | – | – | 0.0% |
| 3 years | +2.3% | – | – | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.
Mutual fund holdings
48 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 43 of the 44 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 48 funds holding NMDC Steel
- AddedAdded. Funds that held more shares than at the end of the month before.
- 13
- CutCut. Funds that held fewer shares than at the end of the month before.
- 31
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 4
| Fund | |||
|---|---|---|---|
 Aditya Birla Sun Life Small Cap FundAditya Birla Sun Life Mutual Fund | 1,15,16,491 | 0.78% | ₹47.6 Cr |
 SBI Contra FundSBI Mutual Fund | 26,06,407 | 0.02% | ₹10.8 Cr |
| SBI COMMA FundSBI Mutual Fund | 23,00,000 | 0.79% | ₹9.50 Cr |
 Nippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund | 17,81,366 | 0.21% | ₹7.36 Cr |
 ICICI Prudential PSU Equity FundICICI Prudential Mutual Fund | 15,35,089 | 0.36% | ₹6.34 Cr |
 HDFC Nifty Smallcap 250 ETFHDFC Mutual Fund | 13,97,824 | 0.21% | ₹5.78 Cr |
| SBI Nifty Smallcap 250 Index FundSBI Mutual Fund | 9,04,904 | 0.21% | ₹3.74 Cr |
 Motilal Oswal Nifty Smallcap 250 Index FundMotilal Oswal Mutual Fund | 6,41,887 | 0.21% | ₹2.65 Cr |
| ICICI Prudential Nifty Smallcap 250 Index FundICICI Prudential Mutual Fund | 4,05,756 | 0.21% | ₹1.68 Cr |
| HDFC Nifty Smallcap 250 Index FundHDFC Mutual Fund | 3,89,133 | 0.21% | ₹1.61 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
NMDC Steel competitors and peers
Iron & Steel, 15 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to NMDC Steel in market cap.Metal stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Jindal SteelJINDALSTEL | 1,08,252 | 37.92 | 2.07 | +25.5% | +4.1% | 5.6% | 8.3% | 0.19% |
 Steel Authority of IndiaSAIL | 66,501 | 11.87 | 1.06 | +9.4% | +119.2% | 9.3% | 10.6% | 1.46% |
 Jindal StainlessJSL | 55,566 | 16.66 | 2.61 | +11.7% | +20.6% | 17.0% | 16.0% | 0.59% |
 Sarda Energy & MineralsSARDAEN | 15,535 | 13.75 | 2.11 | +5.9% | +20.8% | 16.5% | 14.6% | 0.45% |
 Vedanta Iron and SteelVISL | 9,971 | – | 1.71 | – | – | – | – | 0.00% |
 Sandur Manganese & Iron OresSANDUMA | 7,861 | 10.96 | 2.42 | +45.2% | +45.7% | 24.5% | 24.4% | 0.31% |
 Jai Balaji IndustriesJAIBALAJI | 5,613 | 38.81 | 2.49 | +2.0% | −65.5% | 6.6% | 9.1% | 0.00% |
 Prakash IndustriesPRAKASH | 2,011 | 6.42 | 0.56 | −10.6% | −12.2% | 9.1% | 8.6% | 1.60% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.NMDC Steel announcements
Oct 2026
13 Oct · Management
Sep 2026
28 Sep · Meeting
7 Sep
Aug 2026
28 Aug · Legal
The exchange asked on 27 Aug 2026
NMDC Steel share price by year
Each calendar year to 2025.NMDC Steel share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 44.25 | +2.5% | 47.67 | 33.04 |
| 2024 | 43.15 | −16.1% | 70.90 | 42.93 |
| 2023 | 51.40 | – | 57.75 | 30.65 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2023 is from its first session, 20 Feb 2023.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 38.90 | 39.23 | 38.75 | 38.92 | 38.98 | 14,42,858 | 45.4% |
| 28 Oct 2026 | 39.15 | 39.40 | 38.76 | 39.17 | 39.07 | 17,99,047 | 30.6% |
| 27 Oct 2026 | 38.54 | 39.59 | 38.16 | 39.39 | 39.08 | 30,56,750 | 41.2% |
| 26 Oct 2026 | 37.57 | 38.98 | 36.91 | 38.56 | 37.84 | 34,10,189 | 34.1% |
| 23 Oct 2026 | 39.05 | 39.06 | 36.78 | 37.56 | 37.47 | 59,27,143 | 45.9% |
| 22 Oct 2026 | 39.61 | 39.80 | 38.85 | 39.08 | 39.15 | 25,96,855 | 35.1% |
| 21 Oct 2026 | 40.50 | 40.50 | 39.52 | 39.91 | 39.89 | 31,34,446 | 46.8% |
| 19 Oct 2026 | 40.24 | 40.50 | 39.84 | 40.22 | 40.20 | 27,74,515 | 37.4% |
| 16 Oct 2026 | 39.86 | 40.36 | 39.39 | 40.24 | 40.08 | 44,01,876 | 40.3% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- NSLNISP
- BSE code
- 543768
- ISIN
- INE0NNS01018
- Industry
- Ferrous Metals
- Website
- www.nmdcsteel.nmdc.co.in
- CIN
- L27310CT2015GOI001618
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2015
- Registered office
- C/O NMDC Iron & Steel Plant Nagarnar Bastar, 494001, Chhattisgarh
- Share registrar
- Aarthi Consultants Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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